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20121202
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to return to clinton era levels. obama's nemesis as he often told us are millionaires and billionaires. so why not urge that the higher tax rates be applied only to those with incomes of $1 million and not the couples earning more than $250,000. now, i'm talking pure politics, not equity in this case. can they hang their hat on the fact, okay, you're against millionaires, we'll take back their cut for the millionaires? below that they have to get the deal. >> the problem with this is chuck schumer and other senate democrats tried to offer this to republicans last time. remember the last time we did this they rejected it. >> it works for them now. they can say all we want is the schumer deal. >> right now they don't have the leverage to get the schumer deal. they rejected the schumer deal. they don't have the leverage to get it. >> here we disagree. i think they may have a case. if the bogey man is the millionaire -- >> i think that's where it's going to end up. i think that's the flektability in the negotiations at the end is over to whom the higher rates apply. >> but they don't raise tha
a clue. number two, as bill clinton and president obama point out, the math doesn't add up when you're trying to do this just on deductions. you need to do both deductions and loopholes and, of course, raise the rate. that's the only way the math works. and as far as hurt the economy, let me say for the 10,000th time, bill clinton raised tax rates on the top 2% in 1993 and we then proceeded to grow the economy by 23 million jobs. so, that's a bunch of bull, speaker boehner. >> let's go back to aée4 with the same question. i will argue that even though he hasn't specified the deductions or the loopholes he's going to close, the governor is right, there isn't enough at the top to close to make up for this advantage they have now but it seems he's accepting the moral argument. he's saying, the rich should get socked, too. that was an amazing admission for him to say to that. your thoughts. >> i agree with you. the fact that john boehner is out there saying we are asking the rich to pay more in taxes is not something they ever would have done in 2011. if you remember, math by details
clinton had in his taxes. if we don't do that, the problem is pressure is on spending even more. i think we need to make the defense cuts. we want to minimize human services cuts. the best way to do that is go back to clinton era taxes. i actually have mixed feelings about striking a deal where the rich folks pay more taxes. i think they should pay more taxes, but i actually think going off clithe cliff is a bet solution than just charging people who make a lot of money what they were paying when bill clinton was president. >> the clinton tax rates worked well, and when you look at where we really are today, although the democrats are playing really tough on these top tax rates, they have conceded about 75% of the tax debate to republicans by agreeing with them on all of the otherç rates. >> that is true, aalthough there is a matter of timing. you know, i think part of what you have to look at here is it's really hrepublicans who force this conversation about having deficit reduction right now. we shouldn't have deficit reduction right now. we should focus on jobs and employment and co
forgets that president clinton raised taxes on the wealthy and created 22 million jobs. president bush cut taxes on the wealthy and created 1 million jobs. so his economic expertise is a little behind here. but the truth of the matter is, everybody voted in this election, the president said he would raise taxes on people earning over $250,000. that's what he's going to do. that's what's going to happen. he has the authority of an election behind him. running for office is a difficult thing to do, and the people that win the elections have a lot more moral authority in a democracy than people who talk about elections. >> ryan, that does seem to be the point. republicans may not like it, but that wasn't what this election said american people want. the majority of them. >> i think it's certainly true you have a large number of americans, 60%, according to a "washington post" abc news poll who favor raising taxes on folks earning more than $250,000 a year. but there are a couple other things to keep in mind, as well. president obama often talks about returning to clinton era tax rates. he wan
that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white house proposal on this part of the equatio
before investing. >>> tonight, we have new evidence that secretary of state hillary clinton is running for president. polls reveal that she sent hand signed notes with supportive words and encouragement to democrats who narrowly lost their congressional races. in one note, secretary clinton wrote, we will continue needing your voice in the public square in the years to come. in the words of eleanor roosevelt, the future belongs to those who believe in the beauty of their dreams. onward! onward indeed. president obama's pick to chair the democratic party for the next four years, representative debby wasserman schultz, said this about secretary clinton today on andrea mitchell reports. >> she is an incredible leader who has a tremendous future as a leader of the united states of america. i'm sure that she'll be pressed into service. and knowing secretary clinton, i'm sure she doesn't plan to rest very long. >> and the race for the 2016 republican presidential nomination, moments ago, congressman paul ryan spoke at the jack kemp foundation dinner where senator rubio was receiving a leader
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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